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The New York Times Paywall Is Working Better Than Anyone Had Guessed
[Quote]:
More than a year and a half later, it’s clear the New York Times’ paywall is not only valuable, it’s helped turn the paper’s subscription dollars, which once might have been considered the equivalent of a generous tithing, into a significant revenue-generating business. As of this year, the company is expected to make more money from subscriptions than from advertising — the first time that’s happened.
Digital subscriptions will generate $91 million this year, according to Douglas Arthur, an analyst with Evercore Partners. The paywall, by his estimate, will account for 12 percent of total subscription sales, which will top $768.3 million this year. That’s $52.8 million more than advertising.
Remember all the digirati railing about how crazy the NYTimes paywall was?
Firewall
Useless machine advanced edition
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2 firefighters shot at scene of Webster fire; whereabouts of gunman unknown
[Quote]:
A Webster firefighter was shot during a call to a fire on Bay Road in Webster.
The firefighter, whose name has not been released, was taken to Strong Memorial Hospital, according to Webster Fire Marshal Rob Boutillier.
He is listed in satisfactory condition, Boutillier said.
Other firefighters were also shot at, but at this point, no other injuries have been reported.
“I’m not aware of anything like this happening in Webster, obviously not a firefighter being fired upon, he said.
Firefighters are currently letting the fire, which has spread to another house, burn until the area has been secured, Boutillier said. It is unknown if occupants are inside the houses.
And no doubt the NRA will call for arming fire fighters.
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DUI charge: Jan. 4 court date for Idaho Sen. Crapo
[Quote]:
A conservative U.S. senator from Idaho who has said he doesn’t drink because of his Mormon faith has been charged with drunken driving.
Sen. Michael Crapo, a three-term Republican with a reputation as a social and fiscal conservative, registered a blood alcohol content of .11 percent after police pulled his car over in this suburb south of Washington, D.C., authorities said.
There’s saying about always taking TWO mormons fishing. If you take only one, he’ll drink all of your beer.
Facebook paid £2.9m tax on £840m profits made outside US, figures show
[Quote]:
Facebook has become the latest multinational to come under the spotlight for its tax affairs after figures revealed it paid just £2.9m in tax on profits of more than more than £800m.
Filings for Facebook Ireland, through which all of the social network’s profits outside the US are channelled, show it paid the Irish tax authority €3.2m (£2.9m) last year.
Facebook is structured so that companies buying advertisements on the website in the UK, or anywhere outside of the US, have to pay Facebook Ireland.
This allowed Facebook Ireland to make gross 2011 profits of £840m – or £3.1m per each of its 287 staff. Despite the high gross profit, Facebook Ireland was able to cut its tax bill to just €3.2m by using an accounting technique called the “Double Irish”.
I’d much prefer a fully online subscription to my local paper but they don’t provide all the stuff the paper copy does. Another benefit would be eliminating all the paper ads I currently get (even if they showed as ads on their site). I would not, on the other hand, pay anything just to randomly access some single article on any newspaper site via a link – which I thought was the focus of the “digirati railing”. I couldn’t tell from the article which of those things they were talking about – ?
Mark, the NYT paywall allows people who come to read only a few articles a month to do so. It tries to count how many you read and force you to sign in if you read more than 10 in one month.